15
Bedrooms
$3,200,000
FOR SALE1230 Irolo Street 7
Los Angeles, CA
MLS# 26104463
7,430 Sq Ft15bd • 10ba
13 days on marketNalren refreshed
Listing Agent
Property Details
10
Bathrooms
7,430 sqft
Square Feet
1903
Year Built
0.27 acres
Lot Size
$431
Price/Sq Ft
N/A
Garage Spaces
N/A
HOA
N/A
Property Type
Description
Rare 7-unit multifamily on two adjacent parcels in central Los Angeles (Pico-Union, adjacent to Koreatown) sold together, APNs 5078-036-018 & -019. Four 1bd/1ba units in the front building plus three family-sized units at the rear: a 3bd/2ba house, a permitted 4bd/2ba detached ADU (approx. 1,240 SF, Certificate of Occupancy issued 2022), and a remodeled 3bd/2ba house. Approx. 7,430 SF of living area across four structures dating to 1895, 1903, and 1915. Strong in-place income $18,838/mo base rent plus water reimbursement and parking income ($232,056/yr gross), est. NOI $199,368/yr, a 6.2% cap at asking. All seven units occupied; four recently remodeled. Confirmed TOC Tier 2 eligibility supports a preliminary redevelopment scenario of up to 23 units income today, density optionality tomorrow. Subject to LA City Rent Stabilization Ordinance. Buyer to verify all information including rents, expenses, unit details, and RSO compliance.
Facts & Features
Interior
- Appliances
- Microwave
- Interior Features
- Ceiling Fans
Building
- Year Built
- 1903
- Living Area
- 7,430 sqft
- Building Area Total
- 7,430
- Levels
- Two
- Stories Total
- 2
Utilities
- Heating
- Wall Furnace
Parking
- Parking Features
- Assigned, Driveway
- Parking Total
- 7
Community / HOA
- HOA
- No
Natural Hazard Information
Earthquake data is shown from a real public source (USGS)
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CRMLS
MLS# 26104463
Listed:
Nalren refreshed:
Last updated
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Listed by: New Star Realty
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.